According to Henry Fayol, which function involves setting objectives and outlining actions to achieve organizational goals?

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AOrganizing

BPlanning

CCommanding

DControlling

Answer:

Fayol identified planning as the first management function, specifically related to forecasting the future, setting objectives, and determining the course of action to achieve those goals

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From an economic standpoint, why is reducing horizontal inequality important in conflict-prone societies?

Violent conflicts undermine development and increase poverty.
Reducing horizontal inequality has no economic implications in conflict-prone societies.
Economic stability is achieved by ignoring horizontal inequality.